Hourly rate is not the determinant. You could be selling widgets, not hours.
Rather, there's a $30,000 annual revenue threshold for GST/HST.
If your business's annual revenues fall below that amount, you don't need to register for GST/HST and in such case you don't charge your clients the tax.
You could still choose to register for GST/HST if your ...
Note: I am neither an Australian nor a registered tax practitioner. This is not tax advice.
As far as I can tell, while any net income from the side-business would be lumped-in with your regular salary for income tax purposes, your regular salary will not be added to your business turnover for GST-threshold purposes.
First, note that as a sole trader, any ...
Apparently GST can only apply to properties used for commercial purposes (and not where the vendor uses it as a principal place of residence).
Whether or not GST applies also depends on the combination of whether the vendor or purchaser or both are registered for GST.
It appears to be complicated; other factors make a difference too. There's an explanation ...
The CRA's GST/HST information page links to a page titled "Income Levels", which states:
If your family net income amount is equal to or exceeds the amount indicated in the table below, you will not be entitled to a GST/HST credit payment.
For a single person, you aren't eligible for the credit if your income exceeds $42,641, per the table in the second ...
TL;DR - my understanding of the rules is that if you are required to register for GST (earning more than $75k per annum), you would be required to pay GST on these items.
To clarify firstly: taxable income, and goods and services tax, are two different things.
Any income you receive needs to be considered for income tax purposes - whether or not it ends up ...
I know that Revenue means Income-Investment.
Revenue means income. A person has income. Companies have income. A government has income.
Income can come from labor. Income can come from selling something. Income can come from collecting user fees, or from collecting taxes. You can also get revenue from investments. It can be in the form of dividends, ...
The short answer to this is that your corporate income for tax purposes is $100,000 as the $13,000 HST is collected on behalf of the government and is forwarded to the government.
If you had any expenses then you would reduce the amount of HST paid and the amount of corporate income tax. For example if you had certain costs of goods sold for $10,000 + HST of ...
In principle, GST/HST is value-added tax. The tax on your sales is not a tax on you, but on your customers; you are collecting the tax on behalf of the government.
You are holding it in trust for the CRA, same as for your payroll (EI/CPP/etc.) deductions. It is not part of your income.
GST/HST needs to be filed separately.
You also pay the tax on your ...
Person A sells goods to B within Maharashtra for ₹10,000 (with tax ₹11,800).
Central government receives ₹900 tax (CGST).
Maharashtra government receives ₹900 tax (SGST).
Person B sells the same goods to C who is in Rajasthan for ₹17,500 (with tax ₹20,650).
Central government receives ₹3,150 tax (IGST).
Pause here. By GST, when ...
Note: I am neither Canadian, nor a financial or legal advisor. This is neither financial nor legal advice.
TL;DR: You should be able to retrospectively apply for GST/HST, but cannot do so for Trillium.
General Filing Obligations
The document Preparing Returns for Deceased Persons 2018 from the Canada Revenue Agency (CRA) covers the general obligations that ...
The obligation to pay GST is on the business selling a good or service, not on the consumer, so you're in the clear
The ATO will need to take this up with the Journal if they want to collect
For physical goods there is a chance that customs will add the 10% at the border and ask the sender to pay before they will release the package for delivery. In the ...
Is there any way to request for reassessment of the charges?
Generally the best course in such situation is not to take the delivery and dispute the percentage of customs duty applied.
Refer to Section 27 of the Customs Act, 1962 for procedure for filing refunds. Related FAQ on Customs
I know this answer will not be on-topic for this site, but please read it and consider the points. You do not want to get involved in any tax disputes with the government, and you don't want to find yourself at the end of a lawsuit brought by your client if they get in trouble with the CCRA.
I am not a tax professional nor a lawyer, but from software ...
Is this ethical on builder's part?
Probably not ethical.
By law, can I ask the builder for an equivalent interest or discount in final payment?
This is more of legal question and better suited for law.stackexchange. It would depend on the nature of your contract with Builder. Was there an explicit letter from builder asking for funds so that GST will ...
It is best to take advise from / appoint a professional CA.
Will I have to pay GST?
No GST is applicable. Exports outside of India do not have GST.
Do I have to collect TDS when I send money to the PUBLISHERS ?
But another guy said, I have to pay 18% tax when receiving and sending payments, apart from that I have to collect 30.9% TDS when ...
The Canada Revenue Agency describes in detail here what information businesses must generally include on their invoices so that GST/HST registrants can claim Input Tax Credits (ITCs) for the expenses. Quote:
Sales invoices for GST/HST registrants
You have to give customers who are GST/HST registrants specific
information on the invoices, receipts, ...
Regardless of whether or not you are registered for GST, you are legally required to include a GST total on every invoice sent to an Australian customer.
This GST total must be 10% of the payment amount if you are registered for GST, or it must be $0.00 if you are not registered for GST.
Since all GST transactions with the government are in Australian ...
You can only claim an input tax credit if tax was actually collected by the seller, irrespective of whether it should have been or not. You need to contact the seller to request an invoice that shows the GST/HST, if any, as well as the seller's GST/HST number, which is required to be printed on invoices.
If the seller is not including GST/HST in the prices ...